Earned Value Management: A Means of Tracking Construction Projects
Construction is a challenging and competitive industry, yet one that is arguably lacking in the use of metrics and critical cost analysis to drive financial performance.
Earned Value vs. Cost to Complete
Many contractors in the construction industry rely on Cost to Complete (CTC) forecasts in order to gauge the financial health of their projects. A seemingly less prevalent, and possibly less understood, alternative is to use Earned Value (EV).
Earned Value: A Decades Old Solution
The time is right to improve financial and schedule performance on your next construction project by applying the EVM method.